Cognizant & Ordina enter into arrangement with Rabobank

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Cognizant (NASDAQ: CTSH), a leading provider of global IT and business process outsourcing services, and Ordina (EURNEXT NV: ORDI), one of the fastest-growing and largest services providers in consulting, ICT and outsourcing in the Netherlands and Belgium, today announced that they have entered into a major outsourcing arrangement with Rabobank , the largest banking group in the Netherlands.

 

Cognizant and Ordina will collaborate to deliver outsourced services as part of a seven-year arrangement with Rabobank Group, encompassing application design, development and testing services. As a key partner in this arrangement, Cognizant will manage the onsite/offshore delivery of services. Other terms of the arrangement were not disclosed.

 

Piet van Schijndel, a member of the Board of Management of Rabobank Group: "Our decision-making hinges on continuity of employment and services. Many of our systems will be replaced over the next few years. Dutch-based Ordina offers good services, as well as career perspectives for our employees. Cognizant has been one of our offshore service providers for some time now and has proved to deliver quality services."

 

"This agreement confirms our leading position in the ICT and outsourcing market in the Netherlands", said Ronald Kasteel, Chief Executive Officer, Ordina. "Our strategic partnership in the Benelux with Cognizant means that we have a strong offshore proposition. Ordina's Benelux market leadership and in-depth knowledge of the financial services market and system development capabilities, combined with Cognizant's global delivery platform, deep financial services industry and technology expertise, will provide an integrated value proposition for Rabobank, helping the bank achieve its strategic business objectives."

"This key customer win allows us to extend our long-standing relationship with Rabo via Ordina, and it demonstrates the advantages of leveraging Ordina's local market leadership and expertise in Financial Services in the Benelux and Cognizant's global delivery model to deliver maximum value, while enabling the bank to focus its key IT resources on innovation and business transformation," said Francisco D'Souza, president and CEO of Cognizant. "Additionally, our partnership with Ordina further underscores our commitment to expanding Cognizant's presence in key European markets and enables the two companies to jointly pursue strategic client relationships through the strength of our combined business models." 

 

Sourced From: Cognizant